3 CRR-NY 31.4NY-CRR
3 CRR-NY 31.4
3 CRR-NY 31.4
31.4 Student Loan Marketing Association.
Any bank or trust company is permitted to invest in and hold shares of stock of the Student Loan Marketing Association. Any bank or trust company is further permitted to act as underwriter for such stock, unless the Board of Governors of the Federal Reserve System determines that such stock is not eligible for underwriting by banks under title 12 of the United States Code. Such investment, holding, or underwriting by any bank or trust company shall not exceed in total amount two percent of the capital stock and surplus of such bank or trust company.
3 CRR-NY 31.4
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.